Vacuum Insulation Panel Market Global Forecast Report by Types (Flat Panel, Special Shape Panel), Raw Materials (Plastics, Metal), Core Materials (Silica, Fiberglass, Others), Application (Construction, Cooling and Freezing Devices, Logistics, Others), Countries and Company Analysis 2024-2032

Growth Drivers for the Vacuum Insulation Panel Market 

Rising Demand for Energy-Efficient Buildings 

The need to cut on energy usage is being felt now that more and more people are becoming conscious of the effects of global warming. Many Governments and organizations insist on such efficient supplies, and VIPs are used in the construction business having the best insulating quality. These panels can reduce heating and cooling costs to an unbelievable level, which makes them a favorite of homeowners and commercial builders. This is because, VIPs experience increasing demand from green certification programs and stricter building codes in new constructions and retrofitting projects.

Expansion in Cold Chain Logistics 

Cold chain logistics, a necessary process in the transportation of food and pharmaceuticals among other rationed products that require to be accorded certain temperatures during the process of transshipment have shown admirable signs of growth. VIPs offer excellent thermal performance by regulating the internal environment in refrigeration trucks, container and packaging systems. Increase in disposable income, required cold chain distribution for fresh and perishable food products, vaccines and biologics across the world have supported the growth of this sector and vacuum insulation panel market. This is a trend in industries where specialization brings more call for VIPs than before, because industries that handle perishable food products need better insulation than before.

Growing Use in Consumer Appliances 

The world refrigerator and freezer market for high- performance appliances associated with VIP technology is growing and VIPs are useful in enhancing energy efficiency. Having access to VIPs enable manufacturers to cut back on energy use in appliances while at the same time retain the slimline shape and cooling capacity. Because energy saving standards for domestic and commercial appliances are being set higher and higher, VIPS are being used by manufacturers to help achieve these standards. It makes the utilization of hi-tech and innovative solutions a dominant trend in the development of the VIP market, particularly in countries where environmental requirements are gradually increasing.

North America Vacuum Insulation Panel Market 

North American VIP market still has much potential for development in construction and refrigeration application due to the rising awareness of energy saving. Newer developments particularly in the region emphasize on sustainability and recent elevations of requirements on energy usage has boosted the market for VIPs in buildings and appliances. Secondly, with the growing popularity of cold chain logistics, the enthusiasm for VIPs is even higher, especially in cold chain industries such as food and medicine.

Canada Vacuum Insulation Panel Market 

The Canada vacuum insulation panel (VIP) market is expected to show steady growth because of increasing energy conservation needs in the residential and commercial segment. Thanks to measures put in place by governments to encourage construction with features that are environmentally friendly and low carbon emissions, VIPs find application in construction and refrigeration. The automotive industry is also using several VIPs to improve the thermal performance of beam electric vehicles. Besides, increase in the consciousness about energy-saving and the demand for efficient insulating materials also fuel the market. Thus, market participants provide innovation and partnership as the strategies for development in order to satisfy the new tendencies of the Canadian market with preserving the ecological parameters. January 2024, Whirlpool Corporation will introduce SlimTech™ insulation, the first vacuum-insulated structure technology in refrigerator.

Europe Vacuum Insulation Panel Market 

Currently, the Europe vacuum insulation panel (VIP) market is rising significantly thanks to the enhancing legal requirements of energy conservation in buildings and appliances. VIP technology has been implemented by the countries in the region to meet ordinances on environmentalism making it applicable in construction, refrigeration and logistics. The increasing need for environmentally-friendly and space efficient insulations, especially in the cities, serves to fuel the sector. Also, increased knowledge in fabrication techniques and materials used in the production of VIPs also improves on performance and costs.

Germany VIP Market 

The VIP panel market in Germany is on a continuous rise due to compounding energy efficiency codes and a large emphasis on sustainable structures. VIP technology is gradually being incorporated into construction practice to improve insulation properties in residential and commercial buildings. Furthermore, the increase in demand of efficient refrigeration and logistics solutions has seen a common application of VIPs in cold chain. Therefore, key players fund innovation and broaden their product portfolio to satisfactorily address the market demands.

Asia Pacific Vacuum Insulation Panel Market  

The Asia Pacific vacuum insulation panel market is quickly growing because people are using more energy efficient insulation in buildings, increasing urbanization. Environmental consciousness concerning sustainability and the government pushing policy changes encouraging energy efficiency help grow the market even more. The growth of the cold chain logistics market in the region promotes the use of VIP technology to refrigerate and transport products.

India Vacuum Insulation Panel Market 

The India vacuum insulation panel (VIP) market is growing at and experiencing growth due to growing energy efficiency norms and growing acceptance of green building products. With construction activity growing rapidly, developers are turning more often to VIP technology to achieve better thermal performance of residential and commercial buildings. Besides, the growth of cold chain logistics market in India is increasing the market size of VIPs in refrigeration and transportation services. They are plans and policies implemented by governments and authorities of many countries aimed at increasing the efficiency of energy consumption and decreasing carbon emissions will also help the market expand. In Jan 2022, va-Q-tec opened a subsidiary in India and thus continues to expand its international capacities. 

Vacuum Insulation Panel Company Analysis 

The major participants in the Vacuum Insulation Panel market includes Csafe, Avery Dennison Corporation, BASF SE, Etex Building Performance NV (Etex Group), Evonik Industries AG (RAG-Stiftung), Kingspan Group plc., Knauf Insulation, Morgan Advanced Materials, Va-Q-Tec AG.

Vacuum Insulation Panel Company News 

In February 2024, The Virginia Innovation Partnership Corporation (VIPC) awarded Virginia Commonwealth University (VCU) a $75,000 grant to support Dr. Massimo Bertino's research. The purpose of the award is to improve the commercial viability of vacuum protection boards, or celebrities, which are renowned for their exceptional protection but high molding costs and difficulty. Together with ThermaGEL Innovations, VCU has developed a licensed Aerogel center for celebrities, which makes them easier to work with and more versatile without the need for hardware. Because of its unique qualities, such as strength, insulation, and heat protection, aerogel is a viable option for a variety of industries, indicating a higher rate of market penetration for this breakthrough. 

In January 2024, Combining LuxWall's superior vacuum-protected coating with ClearVue's sun-oriented PV coating, the two companies will work together to build and market the most memorable window in history. LuxWall is a US-based vacuum-insulated coating provider. Combining the cutting-edge developments of the two businesses into a single product is intended to bring window innovation that will support the development region in reaching net zero energy use. 

In October 2023, In order to expedite the development of gas arrangements with 0% abnormal weather change potential in the high-voltage power transmission industry, Siemens Energy and Mitsubishi Electric signed a Memorandum of Understanding.

Types- Industry is divided into 2 viewpoints:

1. Flat Panel
2. Special Shape Panel

Raw Materials- Industry is divided into 2 viewpoints:

1. Plastics
2. Metal

Core Materials- Industry is divided into 3 viewpoints:

1. Silica
2. Fiberglass
3. Others

Application- Industry is divided into 4 viewpoints:

1. Construction
2. Cooling and Freezing Devices
3. Logistics
4. Others

Countries- Industry is divided into 25 viewpoints:

North America

• United States
• Canada

Europe

• France
• Germany
• Italy
• Spain
• United Kingdom
• Belgium
• Netherlands
• Turkey

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Thailand
• Malaysia
• Indonesia
• New Zealand

Latin America

• Brazil
• Mexico
• Argentina

Middle East & Africa

• South Africa
• Saudi Arabia
• United Arab Emirates

All companies have been covered with 5 Viewpoints

1. Overviews
2. Key Person
3. Recent Developments & Strategies
4. Product Portfolio & Product Launch in Last 1 Year
5. Revenue

Company Analysis

1. Csafe
2. Avery Dennison Corporation
3. BASF SE
4. Etex Building Performance NV (Etex Group)
5. Evonik Industries AG (RAG-Stiftung)
6. Kingspan Group plc.
7. Knauf Insulation
8. Morgan Advanced Materials
9. Va-Q-Tec AG